The bank's H shares, which were slightly high this morning, followed a quick concussion, with shares falling 2.64% per cent to HK $5.54 and trading 344 million shares a half-day. In a report, CIMB said it gave the unit a winning market rating and listed it as the preferred unit in the banking sector, with a target price of HK $6.75, a 22% per cent premium over the market. CIMB refers to the construction Bank's share price/account value is still relatively low. It is believed that the improvement in the outlook is due in part to strong property transactions, which have weakened the cash flow concerns of property developers as a result of the rise in property sales, which correspondingly reduces the risk of bad debts of real estate developers ' loans, which account for a higher proportion of the business than other banks. At the same time, the rebound in property transactions has also supported the growth of mortgage loans, which is another advantage of CCB.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.
